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Alienware manufactures costumes and accessories for Halloween and various Comicons. - On June 1, 2022, Alienware made a sale to Ca Costume Shop under terms
Alienware manufactures costumes and accessories for Halloween and various Comicons. - On June 1, 2022, Alienware made a sale to Ca Costume Shop under terms that require Catepay $150,000 on June 30,2022. - In a separate transaction on June 15, 2022, Alienware purchased brand advertising services from Ca for $12,000. - The fair value of those services is $5,000. - Alienware generally expects 3% of all credit sales to be uncollectible. SHOW LABELLED CALCULATIONS with each journal entry to receive full credit. 1. Write the journal entry to record Alienware's sale on June 1. 2. Write the appropriate journal entry to record Alienware's purchase of the advertising services from Ca on June 15. Assume all the services were delivered on June 15. 3. Write the journal entry to record receipt of the $150,000 from Ca on June 30 . 4. How should the expected 3% uncollectible accounts affect Alienware's revenue recognition from the sale to Ca? Why
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